Analyst news

• Telstra-TPG regional network deal blocked, Ernest Hillier collapses, ASX falls — as it happened

  20-06-2023 23:31 via abc.net.au
  
  Chocolate maker Ernest Hillier enters administration and workers are stood down. TPG shares drop as a deal with Telstra remains blocked. Here's how the day unfolded on the ABC News markets blog, with insights from our business reporters.
  
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• Live: Telstra-TPG regional network deal blocked, Ernest Hillier collapses, ASX in the red

  20-06-2023 23:31 via abc.net.au
  
  Chocolate maker Ernest Hillier enters administration and workers are stood down. TPG shares drop as a deal with Telstra remains blocked. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Telstra-TPG regional network deal blocked, ASX in the red

  20-06-2023 23:31 via abc.net.au
  
  It has been red across the board on global markets, with China's rate cut disappointing and traders awaiting testimony from the Federal Reserve chair. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX to follow global markets lower, Aussie dollar falls

  20-06-2023 23:31 via abc.net.au
  
  It has been red across the board on global markets, with China's rate cut disappointing and traders awaiting testimony from the Federal Reserve chair. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Locals fight to halt Ballarat Gold Mine's plans for waste facility as big as 30 football ovals

  20-06-2023 23:15 via abc.net.au
  
  The future of Ballarat's last operating gold mine rests on a waste storage facility being approved, but residents say that's no reason to put the surrounding community at risk.
  
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• Health concerns drive fight against gold mine waste storage proposal

  20-06-2023 23:15 via abc.net.au
  
  The future of Ballarat's last operating gold mine rests on a waste storage facility being approved, but residents say that's no reason to put the surrounding community at risk.
  
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• Doubts raised over capacity for fast-charging stations in remote South Australian town

  20-06-2023 22:55 via abc.net.au
  
  Yunta had been identified as a possible future site in the RAA's border-to-border charging network.
  
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• Commonwealth lodges High Court challenge to landmark $700 million native title compensation claim

  20-06-2023 22:31 via abc.net.au
  
  Late Gumatj clan leader Yunupingu won a historic legal battle that could have significant implications for compensation claims across Australia.The Commonwealth is now appealing. 
  
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• Families expecting savings from childcare subsidies hit with fee hikes

  20-06-2023 22:19 via abc.net.au
  
  Hundreds of families are advised their childcare fees will increase alongside the rollout of higher subsidies, prompting concerns the move is "opportunistic".
  
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• Urgent review ordered into NSW bus safety after fatal Hunter Valley crash

  20-06-2023 21:17 via abc.net.au
  
  The NSW government orders its Bus Industry Taskforce to review concerns around seat belt use, driver training and fatigue and safety management.
  
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• Why big brands in the US are ditching kangaroo leather

  20-06-2023 20:39 via abc.net.au
  
  Commercial kangaroo shooters are regulated under a national code that's supposed to protect animal welfare, but activists say what happens in rural Australia at night can be in breach of it, putting the industry under threat.
  
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• 'We are frightened in our own home': Jane is part of a growing campaign to stop kangaroo culling

  20-06-2023 20:39 via abc.net.au
  
  Commercial kangaroo shooters are regulated under a national code that's supposed to protect animal welfare, but activists say what happens in rural Australia at night can be in breach of it, putting the industry under threat.
  
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• 'Some sort of massacre': Why global footwear giants are ditching roo shoes

  20-06-2023 20:39 via abc.net.au
  
  Commercial kangaroo shooters are regulated under a national code that's supposed to protect animal welfare, but activists say what happens in rural Australia at night can be in breach of it, putting the industry under threat.
  
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• 'Alive and suffering': Commercial roo shooters accused of animal cruelty

  20-06-2023 20:39 via abc.net.au
  
  Commercial kangaroo shooters are regulated under a national code that's supposed to protect animal welfare, but activists say what happens in rural Australia at night can be in breach and cruel. As global sportswear brands and US politicians move to phase out the use of kangaroo leather, exporters are fighting to protect their industry. 
  
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• What to do if you're struggling to make your home loan repayments

  20-06-2023 20:06 via abc.net.au
  
  Banks and financial counsellors are urging borrowers to take action before they miss home loan repayments. Here are some of the options you might have if it's becoming difficult to keep up with your mortgage.
  
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• 'It's time for people to ask, is this an affordable mortgage for us?': Experts offer financial hardship tips

  20-06-2023 20:06 via abc.net.au
  
  Banks and financial counsellors are urging borrowers to take action before they miss home loan repayments. Here are some of the options you might have if it's becoming difficult to keep up with your mortgage.
  
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• Once optimistic Rex Airlines forecasts $35 million in losses for financial year

  20-06-2023 16:22 via abc.net.au
  
  Australia's largest regional and domestic airline operator says they've been challenged by global shortages in crews and parts despite rebounds in post-COVID operations. 
  
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• Forrests transfer $5 billion of shares to charity arm

  20-06-2023 13:05 via businessnews.com.au
  
  The Forrests have donated 220 million Fortescue Metals Group shares - valued at almost $5 billion - to their philanthropic foundation, Minderoo.
  
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• 'Xi wanted the upper hand': Five takeaways from the China-US talks in Beijing

  20-06-2023 11:24 via abc.net.au
  
  Despite the first visit to Beijing of a US secretary of state in almost five years, there were signs that China was less than enthusiastic about welcoming Antony Blinken. Here are the key takeaways from the two-day visit.
  
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• Five things we learned from the China-US meetings

  20-06-2023 11:24 via abc.net.au
  
  Despite the first visit to Beijing of a US secretary of state in almost five years, there were signs that China was less than enthusiastic about welcoming Antony Blinken. Here are the key takeaways from the two-day visit.
  
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• Authorities investigating light plane crash in WA's far north

  20-06-2023 10:34 via abc.net.au
  
  One person has been seriously injured after a light plane crash near Derby.
  
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• At Close of Business June 20 2023

  20-06-2023 09:52 via businessnews.com.au
  
  Jack McGinn and Liv Declerck discuss an arts program making a difference for at-risk youth.
  
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• Critical minerals plan garners lukewarm response

  20-06-2023 09:49 via businessnews.com.au
  
  An anticipated strategy paper from the federal government outlining a plan to cement Australia's place in the global critical minerals furore has seemingly fallen short of expectations.
  
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• ACH debate rages as applicants focus on positives

  20-06-2023 09:43 via businessnews.com.au
  
  Applicants to be a critical pillar in WA’s Aboriginal Cultural Heritage approvals process have called for critics to focus on positives, as debate raged over the July 1 rollout of laws in parliament today.
  
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• Franco family bolsters Bullsbrook portfolio

  20-06-2023 09:09 via businessnews.com.au
  
  A $3.35m purchase of 40 hectares on Cooper Road means the family now owns 80ha of adjoining land in Bullsbrook.
  
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• Aust shares hit nine-week high after dovish RBA minutes

  20-06-2023 09:07 via businessnews.com.au
  
  Australian shares closed up nearly 0.9 per cent, reaching their highest level since April while the local currency plunged after the release of the RBA minutes.
  
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• SRG wins $50m Water Corp contract

  20-06-2023 09:06 via businessnews.com.au
  
  Perth contractor SRG Global has won a $50 million contract from the Water Corporation to provide specialist infrastructure works.
  
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• Founder of cryptocurrency firm Terraform Labs imprisoned for forging documents

  20-06-2023 09:06 via abc.net.au
  
  Authorities in Montenegro say Do Kwon, who is wanted on allegations of fraud and financial crimes, tried to fly to Dubai using a fake Costa Rican passport.
  
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• Property investment drops slightly

  20-06-2023 08:50 via businessnews.com.au
  
  The nation’s investor landscape is increasingly being made up of women and young people while less Australians are investing in residential property, according to the ASX’s latest report.
  
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• Source Certain seeks up to $4m

  20-06-2023 08:48 via businessnews.com.au
  
  Wyllie Group-backed provenance verification technology group Source Certain has commenced a fund raising round, seeking up to $4 million as it awaits better timing for a proposed IPO.
  
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• Lendlease fined over Perth defence base incident

  20-06-2023 08:25 via businessnews.com.au
  
  A Perth court has fined national construction group Lendlease over a workplace safety breach during the $223.6 million redevelopment of the Campbell Barracks in Swanbourne.
  
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• Need for speed comes at a cost

  20-06-2023 08:00 via businessnews.com.au
  
  Trade-offs will be required to ensure defence procurement is capable of delivering the necessary security pillars in a changed geopolitical context.
  
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• Fishing charter ban backpedalled

  20-06-2023 07:59 via businessnews.com.au
  
  The state government has eased the controversial demersal fishing ban for charter businesses operating in the West Coast region, but only if they eat their catches on-board.
  
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• FOI shows NT government enlisted lobbying firm to get federal support for $1.5 billion project

  20-06-2023 07:22 via abc.net.au
  
  The NT government paid consulting fees of almost $150,000 to a lobbying firm to try to "influence" the Commonwealth government to support a gas-based manufacturing hub on Darwin Harbour, FOI documents show.
  
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• Craft beer breweries buckle as 'luxury' beverages struggle under rising costs

  20-06-2023 07:16 via abc.net.au
  
  A craft brewery on the New South Wales' Mid North Coast is the latest to shut its doors, as the industry faces increasing financial pressures as craft beer becomes a luxury good.
  
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• BCI reveals new price tag for delayed flagship

  20-06-2023 07:09 via businessnews.com.au
  
  Salt and potash developer BCI Minerals has budgeted up to $1.6 billion for the Mardie development following a sweeping review of the flagship's costs, which are in all about $700 million more than planned.
  
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• Arafura project gains Canadian support

  20-06-2023 06:47 via businessnews.com.au
  
  A Canadian export credit agency has backed Arafura Rare Earths’ Nolans project, potentially funding up to $440 million towards the Northern Territory development.
  
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• Charity running Sydney's Catholic cemeteries reprimanded for refusing to open its books for audit

  20-06-2023 06:35 via abc.net.au
  
  The Catholic Metropolitan Cemeteries Trust, which operates cemeteries such as Rookwood in Western Sydney, has been at loggerheads with the former Coalition government over attempts to hand control of burial grounds to a state-run body.
  
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• Centuria buys $16m Busselton shopping centre

  20-06-2023 06:20 via businessnews.com.au
  
  The purchase represents the property fund’s second acquisition from the Vukelic family this year.
  
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• Cadia gold mine operations suspended following serious injury

  20-06-2023 06:12 via abc.net.au
  
  A man has suffered serious injuries at the Cadia gold mine near Orange in the New South Wales central west, forcing the temporary suspension of operations.
  
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• Indian airline IndiGo orders a record 500 Airbus jets

  20-06-2023 05:49 via abc.net.au
  
  India's IndiGo airline is buying 500 passenger jets from Airbus, in a record order that underscores surging demand in the country.
  
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• Indian airline IndiGo orders 500 Airbus jets to set new record

  20-06-2023 05:49 via abc.net.au
  
  India's IndiGo airline is buying 500 passenger jets from Airbus, in a record order that underscores surging demand in the country.
  
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• Neoen to build Collie battery

  20-06-2023 05:27 via businessnews.com.au
  
  Collie is set to have two large-scale battery energy storage systems, with French renewable energy company Neoen proceeding with construction of a 219 megawatt unit.
  
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• French green energy giant doubles down on Australia with mega WA battery

  20-06-2023 04:33 via abc.net.au
  
  One of the world's biggest renewable energy providers is increasing its stakes in Australia after receiving approval to build a multi-billion-dollar battery in Western Australia's coal heartlands.
  
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• The Reserve Bank almost left interest rates on hold this month, but it also wants the unemployment rate to rise a little

  20-06-2023 03:59 via abc.net.au
  
  Minutes from this month's RBA board meeting show interest rates were almost kept steady this month, but it wants to slow employment and economic growth.
  
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• The Reserve Bank almost left interest rates on hold this month, but it also wants the unemployment rate to rise

  20-06-2023 03:59 via abc.net.au
  
  Minutes from this month's RBA board meeting show interest rates were almost kept steady this month, but it wants to slow employment and economic growth.
  
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• Reserve Bank almost left interest rates on hold this month

  20-06-2023 03:59 via abc.net.au
  
  Minutes from this month's RBA board meeting show interest rates were almost kept steady this month.
  
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• 'Mistakes have clearly been made': Second letter from failed bidder urges review of Victoria's myki overhaul contract

  20-06-2023 03:59 via abc.net.au
  
  Another company which lost the contract to provide Victoria's public transport ticketing system has called for an urgent review of the tender process, saying it lacked rigour and transparency.
  
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• Woodside commits to develop $10.5bn Mexican project

  20-06-2023 03:44 via businessnews.com.au
  
  Woodside Energy has committed to develop the US$7.2 billion ($10.5 billion) Trion resource in Mexico, acquired as part of its deal for BHP Petroleum in 2022, with first oil targeted for 2028.
  
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• No more flashy clothes, designer bags or five-star hotels: Chinese bankers told to rein in expenses in austerity drive

  20-06-2023 03:39 via abc.net.au
  
  From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap.
  
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